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A court case that has the future of XRP at stake continues after Ripple’s motion to dismiss it was rejected by a court in California. The plaintiffs claim that the blockchain company sold the coin as an unregistered security and demand compensation. Ripple tried to avoid the case with its defense team insisting the lawsuit […]
The post Court Rejects Ripple’s Bid to Dismiss Class Action Lawsuit Filed by XRP Investors appeared first on Bitcoin News.
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The Indian supreme court has finished hearing the crypto vs. Reserve Bank of India (RBI) case. The hearing concluded on Tuesday with the counsel for the Internet and Mobile Association of India wrapping up his arguments, followed by arguments by the counsel representing crypto exchanges. The court is now in deliberation. Also read: Regulatory Roundup […]
The post Hearing Concluded: Indian Supreme Court Deliberates on Crypto vs RBI Case appeared first on Bitcoin News.
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A commissioner of the Ontario Securities Commission (OSC) has debunked the arguments against bitcoin used to deny the public offering of The Bitcoin Fund. Among others, the commissioner rules that bitcoin is neither illiquid nor more susceptible to manipulation than other commodities, real volume and real trading in bitcoin exist, and it is not the […]
The post OSC Commissioner Debunks Arguments Against Bitcoin, Green-Lights Bitcoin Fund appeared first on Bitcoin News.
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On August 26, the self-proclaimed Bitcoin inventor, Craig Wright, was ordered by Southern District Court of Florida to distribute half of his BTC holdings and intellectual property assets from prior to 2014. According to the Kleiman estate attorney Vel Freedman, the family has waited a long time for the ruling and they believe things are […]
The post Court Instructs Craig Wright to Distribute Billions to Plaintiffs appeared first on Bitcoin News.
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The Indian supreme court heard the case against the crypto banking restriction by the Reserve Bank of India (RBI) in detail Tuesday. After many arguments challenging the RBI’s power over crypto were presented, the counsel for the central bank began making the case against cryptocurrency. Also read: RBI’s Power Over Crypto Challenged at Length in […]
The post RBI Defends Its Power Over Crypto in Indian Supreme Court appeared first on Bitcoin News.
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Local media has reported that a South Korean exchange is waiting for regulators in the United States to make a ruling regarding the highly anticipated Vaneck cryptocurrency exchange-traded fund (ETF) before determining its stance pertaining to virtual currency ETFs. Also Read: Markets Update: Altcoins Gain on BTC Exchange Awaits US Ruling to Develop ETF Policy […]
The post US ETF Ruling to Inform South Korean Cryptocurrency Market appeared first on Bitcoin News.
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Brazilian cryptocurrency exchange Bitcoin Max has won in court the right to keep its checking account with Banco Santander. According to the presiding judge, the bank has not met its obligation to notify the crypto company of the closure in advance. Also read: Hacked NZ Exchange Cryptopia Allowed to Reopen Closing of Account Deemed […]
The post Court Rules Brazil’s Bitcoin Max Exchange Can Keep Bank Account appeared first on Bitcoin News.
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A South Korean district court has ruled that Nonghyup Bank, a major bank in the country, cannot block transactions to the account of cryptocurrency exchange Coinis based solely on the government’s anti-money laundering guidelines. This is reportedly the first time a Korean crypto exchange has taken legal action against a bank for blocking its transactions. […]
The post Korean Court Rules in Favor of Cryptocurrency Exchange Against Bank appeared first on Bitcoin News.
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The South Korean government has clarified its position in response to the recent ruling by the country’s Supreme Court stating that cryptocurrency is an asset with measurable value that can be confiscated. The government says its position should be viewed separately from that of the Supreme Court. Also read: Yahoo! Japan Confirms Entrance Into the Crypto […]
The post Korean Government Clarifies Position After Supreme Court Crypto Ruling appeared first on Bitcoin News.
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The South Korean Supreme Court has ruled that cryptocurrency is an asset with economic value that can be confiscated. In the case involving a porn site and 191 confiscated BTC, the country’s top court upheld a district court’s ruling. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Supreme Court Has Ruled South Korea’s top […]
The post Korean Supreme Court Rules Cryptocurrency Is Asset With Economic Value appeared first on Bitcoin News.
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